Go through your house and garage and see what items you have not used in the last two years and donate them to charity. You can clean out space for all the new toys that are coming and receive a tax deduction for it!

The Ohio Department of Taxation owes millions in business tax refunds. Ohio Tax Commissioner Joe Testa said his agency is accelerating its outreach to businesses that inadvertently overpaid their taxes in order to make sure they are refunded every dollar owed to them.

This is the time of year in our CPA practice that we work with small business owners and individuals to perform tax checkups to help them project their tax liabilities for 2013 and make tax saving recommendations of moves that they can make between now and year-end.

The Treasury Department and the Internal Revenue Service have loosened the “use it or lose it” rule for flexible spending arrangements for health care, allowing participants in health benefit plans to carry over up to $500 from their FSA from year to year.

The Social Security Administration’s (SSA) requirements for issuing social security number (SSN) printouts are less stringent than the requirements for issuing replacement SSN cards.

A taxpayer we will call Clint, decided to do his daughter a favor. She was attempting to purchase a home that was in foreclosure. Part of the qualification to buy the home was having a substantial amount of funds on deposit. Clint took an IRA distribution and deposited part of it in a non-IRA escrow account. He intended to rollover the distribution back into the IRA upon the completed purchase of his daughter's home.